Published on 19/03/2021 10:13:33 AM | Source: Kedia Advisory

JPYINR trading range for the day is 66.45-66.85 - Kedia Advisory

Posted in Currency Report| #Currency Tips #Kedia Advisory

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USDINR trading range for the day is 72.33-72.85.

USDINR ended with small losses as U.S. bond yields surged following the Federal Reserve’s decision to maintain its dovish stance.

India’s government is likely to leave the inflation targeting band for its central bank unchanged

India's central bank may have to delay the start of monetary policy normalisation by three months amid rising COVID-19 cases



EURINR trading range for the day is 86.4-87.38.

Euro seen supported as dollar was on the defensive after the Federal Reserve signalled it was in no hurry to raise interest rates through all of 2023

German economy to shrink by 2% in first quarter

German government’s council of economic advisers council cut its full-year 2021 gross domestic product growth forecast to 3.1% from 3.7% previously.



GBPINR trading range for the day is 100.86-101.9.

GBP gained supported by hopes for a quicker economic recovery in the UK due to the continued success of the vaccination rollout program

Lockdown, trade woes stunt UK economy ahead of 2021 recovery

In recent session, prices seen supported by hopes for a quicker economic recovery in the UK due to the continued success of the vaccination rollout programme



JPYINR trading range for the day is 66.45-66.85.

JPY recovered from lows following Bank of Japan Governor Haruhiko Kuroda's remarks about the monetary stimulus program.

Japan PM Suga signals intention to end COVID-19 curbs as scheduled

Kuroda hinted that the BoJ may begin to gradually end the quantitative easing program staring from its BOJ’s two-day rate review on Friday.


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